HKIAC Average Costs and Duration
The Hong Kong International Arbitration Centre (“HKIAC”) is pleased to release an updated report on the average costs and duration of an HKIAC arbitration. The data below reflects all cases administered by HKIAC under the 2013 HKIAC Administered Arbitration Rules (the “Rules”) in which a final award was issued between 1 November 2013 and 31 December 2017 (the “Relevant Period”). The overall findings are listed below.
|Duration of Arbitration||14.3 months||16.2 months|
|Costs of Arbitration (US$)||62,537||117,045|
The following methodology was used to produce the data:
- 62 arbitrations under the Rules that were concluded by final award during the Relevant Period have been identified for the purposes of this report. Of the 62 arbitrations, ten were conducted under the expedited procedure of the Rules.
- Five emergency arbitrator arbitrations under the Rules that were concluded by emergency arbitrator decision during the Relevant Period have been identified.
- All arbitrations that were concluded by consent award based on parties’ settlement agreements, including emergency arbitrator arbitrations, have been excluded from this report.
- Duration of Arbitration refers to the period between the date of commencement of the arbitration and the date of the final award, inclusive of any stay periods.
- Duration of Emergency Arbitration refers to the period between the date of commencement of the emergency arbitrator arbitration and the date of the emergency arbitrator decision, inclusive of any stay periods.
- Costs of Arbitration include the arbitral tribunal’s fee and HKIAC’s registration fee and administrative fee only.
- Costs of Emergency Arbitration include the emergency arbitrator’s fee and HKIAC’s administrative fee only (there being no registration fee for emergency arbitrator appointments).
- Under the Rules, parties have the option of paying arbitral tribunals’ fees by hourly rate (capped at HK$6,500 or approximately US$830) or by reference to an ad valorem fee scale. The vast majority of HKIAC tribunals are paid on an hourly rate basis.
- Costs and duration in this report are presented by both median and mean numbers for completeness. The median is the middle number of a set of values. The mean is the sum of all of the values in a set of data, divided by the number of values. Given the distribution of the data concerned, the median value is the more meaningful and robust value, as it minimises the skewing effect of outliers.
Below are the mean and median costs of 56 arbitrations in which the arbitral tribunal was paid by hourly rate and those of 6 arbitrations in which the arbitral tribunal was paid by reference to an ad valorem fee scale.
Amount in Dispute(millions)
Costs of Arbitration (Hourly Rate) (US$)
Costs of Arbitration (Ad Valorem) (US$)
|US$1 to US$10||58,400||94,400||No statistics available||No statistics available|
US$10 to US$100
|> US$100||217,100||217,100||No statistics available||No statistics available|
Below are the mean and median duration and costs of expedited arbitrations and of emergency arbitrator arbitrations.
|Duration of Arbitration||8.1 months (5.8 months)||8.1 months (5.4 months)|
|Costs of Arbitration (US$)||19,065||35,056|
Emergency Arbitrator Arbitration:
|Duration of Emergency Arbitration||14 days||14 days|
|Costs of Emergency Arbitration (US$)||43,717||50,602|
Any queries with respect to the costs and duration of HKIAC arbitration may be sent to:
Hong Kong International Arbitration Centre
38th Floor, Two Exchange Square
8 Connaught Place
Tel: +852 2525 2381
Fax: +852 2524 2171
 The number of months in parenthesis indicates the duration between the date on which the case file is transmitted to the arbitral tribunal and the date of the final award.